Ethereum (ETH) climbed about 10 percent in the past 24 hours to $1,155, after coming close to falling back under $1,000. The world’s second-biggest cryptocurrency has experienced a robust comeback in a short span of time, with buying activity over the U.S. market holiday bolstering prices. But, can ETH sustain this rally? Or, will it be for the time being. This year, concerns about a U.S. economic slump and a slew of crypto bankruptcy have harmed the altcoin. In the previous 24 hours, ETH/USD fluctuated between $1,086 and $1,165, showing high volatility. The trading volume for the pair has climbed by 32 percent to a total of $15.3 billion, while the entire market capitalization fluctuates about $132 billion. Suggested Reading | Bitcoin (BTC) Claws Back To $20,000, First Time In 5 Days Ethereum (ETH) Breaches $1,000 Resistance Since the previous significant swing down at $1,000 seven days ago, the ETH price has been reversing slowly. After several days of stability, the ETH/USD pair continued to advance and blew through the prior resistance at $1,100. On Tuesday, only tiny pauses preceded each subsequent upward push throughout the day. Overnight, the next level of resistance at $1,175 was already breached, suggesting that bullish energy is currently strong and that the intermediate-term pricing mechanism may soon begin seeing green again. The cryptocurrency markets were generally calm during the weekend and on July 4...
